Distinguish between Total utility and marginal utility
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Answered by
6
Answer:
Marginal utility is the consumption of an additional good.it keeps on decreasing.
Total utitly is the total consumption of marginal utilities. It keep saying on increasing
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Answer:
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Explanation:
The main difference between total and marginal utility is that total utility refers to the total satisfaction received by the consumer from consuming different units of a commodity while the marginal utility, connotes the additional utility derived from the consumption of the extra unit of a commodity.
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